Latin America Mining News

Chile regulator refuses to raise Albemarle lithium output quota -newspaper

Albemarle requested an increase of 258,446 metric tons of Metallic Lithium Equivalent but the government says the information provided was not sufficient to justify the increase.

Bolivia to pick new junior partner on lithium in coming weeks

Bolivia will choose a new junior partner to help industrialize its lithium deposits from among seven companies that submitted proposals.

Hudbay doesn’t deny rumours of interest in Chile’s Mantos Copper

The Chilean miner has been seeking a buyer for all or part of itself to raise $1 billion to dig for copper and gold in two of its mines in the country's north.

Chile’s court ruling allows Tianqi to buy stake in lithium miner SQM

The country's antitrust court has approved a deal between the competition regulator and Tianqi, allowing the Chinese miner to buy a nearly one-quarter stake in lithium producer SQM .

Hydro shutdown pushes up shares of South 32, Alumina Ltd

Hydro plans to halt production and lay off 4,700 people at Alunorte, which has been operating at half capacity since March due to an environmental dispute.

Chile weighs arbitration with top lithium producer Albemarle

The contract requires Albemarle to offer as much as 25 percent of its annual production capacity at a discounted rate to companies within Chile.

Vale to approve $1B expansion of Salobo copper mine in Brazil — report

The project, known as the Salobo 3, is expected to add about 50,000 tonnes to the open-pit mine’s current capacity of 200,000 tonnes of copper per year

BHP and Vale reach final settlement in Brazil over dam failure

The definitive agreement comes almost three years after the incident, which killed 19 people and became the country’s worst ever environmental disaster.

Peru's mining investment boom leaves political woes behind

Peru has the potential to overtake Chile to become the world’s biggest copper producer, but it’s being held back by a lack of infrastructure and a ten-fold increase in permitting in the last seven years

Canada, buoyed by trade deal, to push U.S. on metal tariffs

The agreement protects Canada's automotive industry from potentially devastating U.S. tariffs.

Senator wants to boost sustainable mining in Argentina’s wine country

Changes to an existing provincial law propose a new Special Mining Rate.

Peru expects $58 billion in mining investments

The recently-created Directorate for Mining Promotion and Sustainability will be in charge of identifying the regions with the mining highest potential.

SolGold loss almost doubles as its goes all in at Ecuador projects

For the 12 months to June, SolGold's pre-tax loss was A$15.3 million, compared to $8.3 million it recorded a year before.

Albemarle eyes future as pure-play lithium market leader

Albemarle aims to eventually end its dependence on two smaller units to fund growth as global appetite surges for electric vehicles and consumer goods.

Foreign-backed miner hopes to begin Chilean lithium project in 2020

The approval process for the necessary environmental permit for the initiative, which includes an investment of $527 million, began this month.

Chile greenlights Latin America’s largest desalination plant

The ENAPAC project is meant to serve mainly the mining industry, which is very active in Chile’s dry, but copper and lithium-rich north.

Barrick's Bristow bet seen as boosting South America revival

Barrick’s South America team “will be focused not only on bringing to account and dealing with the challenges around Pascua-Lama and Veladero,’’ but also on expanding assets and partnerships in Peru, Bristow said.

Trevali’s Santander zinc mine in Peru hit by blockade

The illegal action saw a group of locals spend seven days blocking the only access to the mine in protest for what they call “repetitive abuse” to community members and increasing pollution of their land and only water source.

Canada’s Maxtech Ventures to expand footprint in Brazil with manganese JV

The Vancouver-based miner said it has signed a non-exclusive letter of interest to form a JV with an undisclosed local company on claims where manganese mineralization has been proven.

First Quantum, Panama Gov’t study ruling that casts doubts on giant copper mine

The country' Supreme Court ruled Monday that Law 9, used to grant the mining concession for Cobre Panama copper project, was unconstitutional.

Anglo American becomes latest top miner to land in Ecuador

Deal with Luminex gives Anglo the right to earn a 60% ownership interest in a JV company, which indirectly holds three copper and gold concessions in Ecuador.

Barrick to buy Randgold for $18.3B forming giant global gold miner

The new Barrick, which will be listed in New York and Toronto, will own five of the world's 10 lowest cost gold mines and will be the world's top bullion producer by both value and output.

Colombian court hands major win to South32, won’t have to pay damages

But the court upheld part of the previous ruling requiring the miner to re-apply for its environmental licensing and start a community consultation process.

BHP's Spence copper mine in Chile partially closed following fire

A fire at its Spence copper mine in Chile had forced it to partially shut down operations. No one was injured in the fire, which has since been extinguished.